Posted by taxguru on January 3, 2010
Cash-rich real estate investors trigger bidding wars, frustrate other buyers – I knew that this eventually had to happen, as the large pools of investor money moved from the intangible and often phony assets in the stock markets to the real tangible assets such as precious metals and real property. This is a very good sign during these extremely confusing economic times.
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Tax Guru - Ker$tetter Letter 